It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.

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It's around $0.1 here in Tunisia. I don't found it reasonable considering that US Per Capita is ten times higher than here. The stability is good in the latest years (5-7 short down times in the last year may be).

actually i'm wondering, how steady/reliable is the current in Bangladesh? do you need a UPS?no offence intended, never been there.

We have black outs in many places for like 6 hours at a time. But the voltate is constant (until it dies). I live in an area with fewer problems (the power company people must have families there) and also my building has a generator. I have UPS for the PC, monitor, external HD and also for the internet connection box. We still get power spikes, which can kill equipment.

Electricity at my factory is even cheaper. If BC was a money spinner I'd stash many rigs there. But it seems like that ship has sailed.

actually i'm wondering, how steady/reliable is the current in Bangladesh? do you need a UPS?no offence intended, never been there.

We have black outs in many places for like 6 hours at a time. But the voltate is constant (until it dies). I live in an area with fewer problems (the power company people must have families there) and also my building has a generator. I have UPS for the PC, monitor, external HD and also for the internet connection box. We still get power spikes, which can kill equipment.

Electricity at my factory is even cheaper. If BC was a money spinner I'd stash many rigs there. But it seems like that ship has sailed.

Thanks for the feedback everyone.

I think it's the time for those who benefit from low cost power, and low cost of living to benefit from BC mining now.

As the process becomes unprofitable for those who lives in higher cost cities, the competition will slow down. You'll not make loads of money, but a $100/$150 each month is good in many parts of the undeveloped world

actually i'm wondering, how steady/reliable is the current in Bangladesh? do you need a UPS?no offence intended, never been there.

We have black outs in many places for like 6 hours at a time. But the voltate is constant (until it dies). I live in an area with fewer problems (the power company people must have families there) and also my building has a generator. I have UPS for the PC, monitor, external HD and also for the internet connection box. We still get power spikes, which can kill equipment.

Electricity at my factory is even cheaper. If BC was a money spinner I'd stash many rigs there. But it seems like that ship has sailed.

Thanks for the feedback everyone.

I think it's the time for those who benefit from low cost power, and low cost of living to benefit from BC mining now.

As the process becomes unprofitable for those who lives in higher cost cities, the competition will slow down. You'll not make loads of money, but a $100/$150 each month is good in many parts of the undeveloped world

In some parts of the world, a person could live on that much. But then buying the rig would take a year's worth of wages, so the initial investment would be very high.

I could pay a $2000 one time fee to hook up a 400-AMPS x 240 Volts usable 24/7.

How much could I make by mining per month? Would it be worth my trouble?? How much do I need to invest in air conditioning?

If the price if Bitcoin stays steady you will go into debt. I think many of the miners running now recouped their investment when the price was higher but are likely bleeding dollars for BTC to cover power. AC will depend on your climate. If you are in a cool climate and can circulate outside air you do not need much cooling. In warmer climates such as AZ a single rig with two cards can cost up to $50/mo just running the AC. You could do better with more efficient AC, but this is what I calculated mine to be.Looking to make money on mining this late in the game is foolish. You are much better off buying coins on the market.

I would go into debt even if the electricity is free? To clarify I would pay $2000 one time for unlimited use (up to 96KWatts) thereafter (or until the power company catches on, haha). How long would it take me to recuperate the costs? How much should I invest in A/C vs Mining rigs? Lets assume I have no outside air flow.

if you are going to have enough mining rigs to justify spending $2000 of a setup fee, your going to need a decent amount of AC run tat least a 15k BTU window air conditioner if you dont have a central air system.

The cards generate a very high amount of heat, especially if you have multiple cards running together in the same rigs and in the same room. I have 10 GPU's for a total of 4 ghash and I use a 12.5 BTU fridgidaire A/C plus multiple fans.

You need to keep those cards cool not just to keep them going (they will crash if they over heat) plus they will die if you run them too hot for too long. Also the fans on the GPU's themselves will die if you run them too high.

I was lucky enough to start mining back when BTC was worth under $1 USD, I paid for my entire mining operation with the minings from one single 5870 (when btc hit $30+ I sold)

If you are looking for an investment you would be better to buy $2000 worth of BTC (or more ) than to invest in Mining.

I still have over $10,000 worth of BTC that I bought when the price was under $1. I sold a bunch on the way down from $20 to $10. I haven't done too badly on that front. But since I've sold a lot over the months I'd like to start mining to renew the BTC I sell if it can be cost feasible.

$0.30/kWh, In California almost impossible I am currently working on a solar station to make it mine about 5 hours per day, when the deep cycles batteries have enough charge. Mining on standard electricity from Southern California Edison, does not work for BTC